Davies Financial Advisors, Inc. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQI	NEOS ETF TRUST	26,300	$1,425	2.6%	$53.37	—	—	78433H675
SPYM	SPDR SERIES TRUST	16,578	$1,299	2.4%	$72.69	—	—	78464A854
QQQH	NEOS ETF TRUST	22,316	$1,214	2.2%	$52.38	—	—	78433H576
SPYI	NEOS ETF TRUST	17,537	$917	1.7%	$52.30	—	—	78433H303
IWR	ISHARES TR	6,767	$653	1.2%	$91.97	—	—	464287499
XLF	SELECT SECTOR SPDR TR	11,753	$633	1.2%	$42.05	—	—	81369Y605
AVLV	AMERICAN CENTY ETF TR	8,089	$585	1.1%	$68.29	—	—	025072349
SPYG	SPDR SERIES TRUST	5,003	$523	1.0%	$95.32	—	—	78464A409
XLB	SELECT SECTOR SPDR TR	5,391	$483	0.9%	$92.24	—	—	81369Y100
IYR	ISHARES TR	4,765	$463	0.9%	$90.42	—	—	464287739
BRK/B	BERKSHIRE HATHAWAY INC DEL	710	$357	0.7%	$410.41	+21.2%	—	084670702
VIG	VANGUARD SPECIALIZED FUNDS	1,493	$322	0.6%	$187.36	—	—	921908844
PYPL	PAYPAL HLDGS INC	4,265	$286	0.5%	$61.23	+5.9%	—	70450Y103
PPA	INVESCO EXCHANGE TRADED FD T	1,808	$281	0.5%	$101.58	—	—	46137V100
SCHF	SCHWAB STRATEGIC TR	11,143	$259	0.5%	$22.14	—	—	808524805
V	VISA INC	675	$231	0.4%	$275.52	+23.5%	—	92826C839
JEPI	J P MORGAN EXCHANGE TRADED F	3,953	$226	0.4%	$59.51	—	—	46641Q332
NKE	NIKE INC	3,122	$218	0.4%	$97.82	-33.6%	—	654106103
BUFR	FIRST TR EXCHNG TRADED FD VI	6,374	$213	0.4%	$27.96	—	—	33740F755

Decreased Positions (44)

QQQ INVESCO QQQ TR 25.1%

Value ($000) $13,561 (-48.5%) Shares 22,075 (-49.7%) Est. Cost $450.32 Unrealized —

SPY SPDR S&P 500 ETF TR 7.5%

Value ($000) $4,040 (-59.5%) Shares 5,925 (-60.4%) Est. Cost $535.14 Unrealized —

SFLR INNOVATOR ETFS TRUST 5.9%

Value ($000) $3,181 (-58.4%) Shares 86,295 (-59.4%) Est. Cost $31.41 Unrealized —

AAPL APPLE INC 6.2%

Value ($000) $3,326 (-56.3%) Shares 12,234 (-59.1%) Est. Cost $180.25 Unrealized +48.9%

IAU ISHARES GOLD TR 3.9%

Value ($000) $2,088 (-61.2%) Shares 25,719 (-65.3%) Est. Cost $44.30 Unrealized —

QFLR INNOVATOR ETFS TRUST 4.1%

Value ($000) $2,222 (-59.0%) Shares 64,810 (-60.3%) Est. Cost $27.74 Unrealized —

MSFT MICROSOFT CORP 3.0%

Value ($000) $1,596 (-60.1%) Shares 3,300 (-57.3%) Est. Cost $400.56 Unrealized +25.0%

HYG ISHARES TR 1.2%

Value ($000) $671 (-69.8%) Shares 8,318 (-69.6%) Est. Cost $77.84 Unrealized —

GOOG ALPHABET INC 2.7%

Value ($000) $1,440 (-49.2%) Shares 4,590 (-60.6%) Est. Cost $144.52 Unrealized +98.1%

WMT WALMART INC 1.1%

Value ($000) $572 (-67.3%) Shares 5,137 (-69.7%) Est. Cost $56.04 Unrealized +91.3%

CGBL CAPITAL GROUP CORE BALANCED 1.3%

Value ($000) $688 (-62.3%) Shares 19,460 (-63.0%) Est. Cost $30.18 Unrealized —

COST COSTCO WHSL CORP NEW 1.5%

Value ($000) $805 (-58.3%) Shares 933 (-55.2%) Est. Cost $706.75 Unrealized +28.2%

TLT ISHARES TR 0.7%

Value ($000) $379 (-73.9%) Shares 4,354 (-73.2%) Est. Cost $88.25 Unrealized —

IEF ISHARES TR 0.9%

Value ($000) $476 (-68.6%) Shares 4,948 (-68.5%) Est. Cost $95.77 Unrealized —

GOOGL ALPHABET INC 2.5%

Value ($000) $1,363 (-40.4%) Shares 4,356 (-53.7%) Est. Cost $143.08 Unrealized +99.6%

META META PLATFORMS INC 1.7%

Value ($000) $910 (-50.1%) Shares 1,379 (-44.5%) Est. Cost $443.21 Unrealized +50.6%

TLH ISHARES TR 0.6%

Value ($000) $348 (-71.9%) Shares 3,419 (-71.6%) Est. Cost $101.60 Unrealized —

AGG ISHARES TR 0.7%

Value ($000) $367 (-70.8%) Shares 3,674 (-70.7%) Est. Cost $99.20 Unrealized —

TSLA TESLA INC 0.7%

Value ($000) $404 (-66.5%) Shares 899 (-66.9%) Est. Cost $205.74 Unrealized +115.5%

AMZN AMAZON COM INC 1.5%

Value ($000) $824 (-48.4%) Shares 3,572 (-51.0%) Est. Cost $167.24 Unrealized +36.8%

IJR ISHARES TR 0.9%

Value ($000) $486 (-61.3%) Shares 4,043 (-61.7%) Est. Cost $114.45 Unrealized —

UUP INVESCO DB US DLR INDEX TR 0.7%

Value ($000) $364 (-64.4%) Shares 13,449 (-63.7%) Est. Cost $28.54 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value ($000) $250 (-68.7%) Shares 284 (-71.6%) Est. Cost $373.93 Unrealized +117.5%

IWC ISHARES TR 0.5%

Value ($000) $282 (-65.7%) Shares 1,789 (-67.6%) Est. Cost $125.13 Unrealized —

SPSM SPDR SERIES TRUST 0.4%

Value ($000) $233 (-68.6%) Shares 4,977 (-68.9%) Est. Cost $44.91 Unrealized —

AMD ADVANCED MICRO DEVICES INC 3.1%

Value ($000) $1,679 (-20.5%) Shares 7,841 (-39.9%) Est. Cost $174.81 Unrealized +28.5%

PG PROCTER AND GAMBLE CO 0.6%

Value ($000) $320 (-57.1%) Shares 2,233 (-54.0%) Est. Cost $150.05 Unrealized -1.9%

XLY SELECT SECTOR SPDR TR 0.4%

Value ($000) $224 (-64.6%) Shares 1,877 (-29.0%) Est. Cost $184.44 Unrealized —

TQQQ PROSHARES TR 0.5%

Value ($000) $246 (-62.4%) Shares 4,659 (-26.3%) Est. Cost $57.30 Unrealized —

BUFD FIRST TR EXCHNG TRADED FD VI 0.9%

Value ($000) $497 (-44.4%) Shares 17,601 (-45.6%) Est. Cost $23.62 Unrealized —

MA MASTERCARD INCORPORATED 1.0%

Value ($000) $533 (-42.0%) Shares 934 (-42.2%) Est. Cost $453.98 Unrealized +23.1%

ABBV ABBVIE INC 0.4%

Value ($000) $217 (-62.9%) Shares 951 (-62.4%) Est. Cost $161.99 Unrealized +40.5%

JPM JPMORGAN CHASE & CO. 0.4%

Value ($000) $243 (-59.0%) Shares 753 (-59.9%) Est. Cost $175.44 Unrealized +76.4%

HD HOME DEPOT INC 0.8%

Value ($000) $410 (-44.6%) Shares 1,192 (-34.8%) Est. Cost $350.82 Unrealized +3.9%

SBUX STARBUCKS CORP 0.4%

Value ($000) $205 (-59.1%) Shares 2,432 (-58.9%) Est. Cost $89.46 Unrealized -6.0%

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $283 (-50.0%) Shares 857 (-47.6%) Est. Cost $488.97 Unrealized -31.0%

EBAY EBAY INC. 0.9%

Value ($000) $479 (-36.0%) Shares 5,495 (-33.2%) Est. Cost $43.96 Unrealized +96.5%

QJUN FIRST TR EXCHNG TRADED FD VI 0.7%

Value ($000) $389 (-39.3%) Shares 12,214 (-40.6%) Est. Cost $25.51 Unrealized —

IBND SPDR SERIES TRUST 0.5%

Value ($000) $287 (-44.4%) Shares 8,924 (-44.0%) Est. Cost $28.36 Unrealized —

APO APOLLO GLOBAL MGMT INC 0.5%

Value ($000) $250 (-40.0%) Shares 1,724 (-44.8%) Est. Cost $102.73 Unrealized +29.0%

NVDA NVIDIA CORPORATION 8.2%

Value ($000) $4,454 (-3.6%) Shares 23,880 (-3.6%) Est. Cost $98.58 Unrealized +88.8%

RSP INVESCO EXCHANGE TRADED FD T 1.8%

Value ($000) $995 (-13.2%) Shares 5,193 (-14.1%) Est. Cost $169.36 Unrealized —

XLG INVESCO EXCHANGE TRADED FD T 1.9%

Value ($000) $1,004 (-6.4%) Shares 16,940 (-9.2%) Est. Cost $42.13 Unrealized —

GD GENERAL DYNAMICS CORP 0.4%

Value ($000) $222 (-20.0%) Shares 659 (-18.9%) Est. Cost $258.00 Unrealized +32.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	22,075 (-49.7%)	$13,561 (-48.5%)	25.1%	$450.32	—	UNIT SER 1	46090E103
SPY	SPDR S&P 500 ETF TR	5,925 (-60.4%)	$4,040 (-59.5%)	7.5%	$535.14	—	TR UNIT	78462F103
SFLR	INNOVATOR ETFS TRUST	86,295 (-59.4%)	$3,181 (-58.4%)	5.9%	$31.41	—	QUITY MANAGD FLR	45783Y673
AAPL	APPLE INC	12,234 (-59.1%)	$3,326 (-56.3%)	6.2%	$180.25	+48.9%	COM	037833100
IAU	ISHARES GOLD TR	25,719 (-65.3%)	$2,088 (-61.2%)	3.9%	$44.30	—	ISHARES NEW	464285204
QFLR	INNOVATOR ETFS TRUST	64,810 (-60.3%)	$2,222 (-59.0%)	4.1%	$27.74	—	NASDAQ 100 MANA	45783Y681
MSFT	MICROSOFT CORP	3,300 (-57.3%)	$1,596 (-60.1%)	3.0%	$400.56	+25.0%	COM	594918104
HYG	ISHARES TR	8,318 (-69.6%)	$671 (-69.8%)	1.2%	$77.84	—	IBOXX HI YD ETF	464288513
GOOG	ALPHABET INC	4,590 (-60.6%)	$1,440 (-49.2%)	2.7%	$144.52	+98.1%	CAP STK CL C	02079K107
WMT	WALMART INC	5,137 (-69.7%)	$572 (-67.3%)	1.1%	$56.04	+91.3%	COM	931142103
CGBL	CAPITAL GROUP CORE BALANCED	19,460 (-63.0%)	$688 (-62.3%)	1.3%	$30.18	—	SHS	14021D107
COST	COSTCO WHSL CORP NEW	933 (-55.2%)	$805 (-58.3%)	1.5%	$706.75	+28.2%	COM	22160K105
TLT	ISHARES TR	4,354 (-73.2%)	$379 (-73.9%)	0.7%	$88.25	—	20 YR TR BD ETF	464287432
IEF	ISHARES TR	4,948 (-68.5%)	$476 (-68.6%)	0.9%	$95.77	—	7-10 YR TRSY BD	464287440
GOOGL	ALPHABET INC	4,356 (-53.7%)	$1,363 (-40.4%)	2.5%	$143.08	+99.6%	CAP STK CL A	02079K305
META	META PLATFORMS INC	1,379 (-44.5%)	$910 (-50.1%)	1.7%	$443.21	+50.6%	CL A	30303M102
TLH	ISHARES TR	3,419 (-71.6%)	$348 (-71.9%)	0.6%	$101.60	—	10-20 YR TRS ETF	464288653
AGG	ISHARES TR	3,674 (-70.7%)	$367 (-70.8%)	0.7%	$99.20	—	CORE US AGGBD ET	464287226
TSLA	TESLA INC	899 (-66.9%)	$404 (-66.5%)	0.7%	$205.74	+115.5%	COM	88160R101
AMZN	AMAZON COM INC	3,572 (-51.0%)	$824 (-48.4%)	1.5%	$167.24	+36.8%	COM	023135106
IJR	ISHARES TR	4,043 (-61.7%)	$486 (-61.3%)	0.9%	$114.45	—	CORE S&P SCP ETF	464287804
UUP	INVESCO DB US DLR INDEX TR	13,449 (-63.7%)	$364 (-64.4%)	0.7%	$28.54	—	BULLISH FD	46141D203
GS	GOLDMAN SACHS GROUP INC	284 (-71.6%)	$250 (-68.7%)	0.5%	$373.93	+117.5%	COM	38141G104
IWC	ISHARES TR	1,789 (-67.6%)	$282 (-65.7%)	0.5%	$125.13	—	MICRO-CAP ETF	464288869
SPSM	SPDR SERIES TRUST	4,977 (-68.9%)	$233 (-68.6%)	0.4%	$44.91	—	STATE STREET SPD	78468R853
AMD	ADVANCED MICRO DEVICES INC	7,841 (-39.9%)	$1,679 (-20.5%)	3.1%	$174.81	+28.5%	COM	007903107
PG	PROCTER AND GAMBLE CO	2,233 (-54.0%)	$320 (-57.1%)	0.6%	$150.05	-1.9%	COM	742718109
XLY	SELECT SECTOR SPDR TR	1,877 (-29.0%)	$224 (-64.6%)	0.4%	$184.44	—	STATE STREET CON	81369Y407
TQQQ	PROSHARES TR	4,659 (-26.3%)	$246 (-62.4%)	0.5%	$57.30	—	ULTRAPRO QQQ	74347X831
BUFD	FIRST TR EXCHNG TRADED FD VI	17,601 (-45.6%)	$497 (-44.4%)	0.9%	$23.62	—	FT VEST LADDERED	33740U703
MA	MASTERCARD INCORPORATED	934 (-42.2%)	$533 (-42.0%)	1.0%	$453.98	+23.1%	CL A	57636Q104
ABBV	ABBVIE INC	951 (-62.4%)	$217 (-62.9%)	0.4%	$161.99	+40.5%	COM	00287Y109
JPM	JPMORGAN CHASE & CO.	753 (-59.9%)	$243 (-59.0%)	0.4%	$175.44	+76.4%	COM	46625H100
HD	HOME DEPOT INC	1,192 (-34.8%)	$410 (-44.6%)	0.8%	$350.82	+3.9%	COM	437076102
SBUX	STARBUCKS CORP	2,432 (-58.9%)	$205 (-59.1%)	0.4%	$89.46	-6.0%	COM	855244109
UNH	UNITEDHEALTH GROUP INC	857 (-47.6%)	$283 (-50.0%)	0.5%	$488.97	-31.0%	COM	91324P102
EBAY	EBAY INC.	5,495 (-33.2%)	$479 (-36.0%)	0.9%	$43.96	+96.5%	COM	278642103
QJUN	FIRST TR EXCHNG TRADED FD VI	12,214 (-40.6%)	$389 (-39.3%)	0.7%	$25.51	—	FT VEST NAS	33740F557
IBND	SPDR SERIES TRUST	8,924 (-44.0%)	$287 (-44.4%)	0.5%	$28.36	—	BLOOMBERG INTL	78464A151
APO	APOLLO GLOBAL MGMT INC	1,724 (-44.8%)	$250 (-40.0%)	0.5%	$102.73	+29.0%	COM	03769M106
NVDA	NVIDIA CORPORATION	23,880 (-3.6%)	$4,454 (-3.6%)	8.2%	$98.58	+88.8%	COM	67066G104
RSP	INVESCO EXCHANGE TRADED FD T	5,193 (-14.1%)	$995 (-13.2%)	1.8%	$169.36	—	S&P500 EQL WGT	46137V357
XLG	INVESCO EXCHANGE TRADED FD T	16,940 (-9.2%)	$1,004 (-6.4%)	1.9%	$42.13	—	S&P 500 TOP 50	46137V233
GD	GENERAL DYNAMICS CORP	659 (-18.9%)	$222 (-20.0%)	0.4%	$258.00	+32.1%	COM	369550108

Unchanged Positions (1)

BR BROADRIDGE FINL SOLUTIONS IN 0.5%

Value ($000) $250 Shares 1,119 Est. Cost $195.53 Unrealized +16.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BR	BROADRIDGE FINL SOLUTIONS IN	1,119	$250	0.5%	$195.53	+16.2%	COM	11133T103